Vijay Mallya is pumping an extra $80 million into his formula one team.

The news comes amid the well-documented financial struggles of his other business, the Indian airline Kingfisher. Mallya said this week: “We had a board meeting in India after the Abu Dhabi grand prix and the board has approved a $80 million capital investment programme for the team.






A spokesperson for Rubens Barrichello has denied suggestions the Brazilian veteran has already signed to switch to the Williams team in 2010.
Following yesterday’s announcement, the Renault F1 Team wishes Fernando Alonso all the best for 2010 and beyond when he will begin the next phase of his career with a new team. 


One of the longest-running ‘will he/won’t he?’ sagas in formula one memory continues to persist, as Valentino Rossi admitted the possibility he might switch codes.
With a little twist of fate, the man at the wheel of a Brawn this year could have been Nick Heidfeld. Last year, we reported strong speculation that the German, who ultimately signed a one-year extension to stay with BMW-Sauber in 2009, was in talks with the Brackley based team’s predecessor Honda. 
Despite deciding against the move several years ago, and dismissing subsequent speculation, Valentino Rossi has now admitted moving to formula one with Ferrari “could happen” in 2011.
Valentino Rossi has indicated he might be willing to switch to formula one in 2011 if Ferrari will run a third car. At the press conference with Max Mosley and Bernie Ecclestone in Paris last Wednesday, Ferrari president Luca di Montezemolo told reporters that part of the peace deal was an indication that the works teams are prepared to field three cars apiece.
Speculation that the Spanish bank Santander is set to switch from McLaren to Ferrari got a fresh shot in the arm last weekend.
Reigning and multiple MotoGP champion Valentino Rosso has reiterated that he will no longer attempt to switch to formula one. 

A Force India chief has admitted the team is on the market to potentially switch engine partners ahead of the 2009 season. 